Finance Identifying Operating Income ComponentsFollowing is the income statement information from Apollo Medical Devices. Identify the components that we would consider operating.$ thousandsNet salesCost of sales before special chargesSpecial inventory obsolescence chargeTotal cost of salesGross profitSelling, general and administrative expenseResearch and development expenseMerger and acquisition costsIn-process research and development chargesLitigation settlementOperating profitInterest expenseInterest incomeGain on disposal of fixed assetsImpairment of marketable securitiesOther income (expense), netEarnings before income taxesIncome tax expenseNet earningsCheck2020$4,163,770 Operating1,382,23527,8761,410,1112,753,6591,570,667531,08646,91412,24416,500576,248(57,372)2,076 Operating4,929(5,222)(2,857)517,802191,587$326,2154)◆♦00♦4O000♦◆◆4OO

The items of the income statement that are directly involved with the operation of the company are…

Answered: is the income statement information…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 6PA: Using the information from BDS Enterprises, prepare the income statement to include all costs, but...

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Using the information for Lighthizer Trading Company, prepare the income statement to include all costs, but separate out uncontrollable costs. Insert subtotals where appropriate (include one for operating income) before the uncontrollable costs. Income tax expense should be based on all expenses (that is, it will be the same amount as in the previous exercise). Calculate net income, profit margin, ROI, and RI excluding uncontrollable expenses. Prepare a short response to accompany the income statement that explains why uncontrollable costs are separated in the income statement.
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is the income statement information from Apollo Medical Devices. Identify the co $thousands les before special charges wentory obsolescence charge of sales fit 2020 $4,163,770 Operating 1,382,235 27,876 1,410,111 2,753,659 +